Century Global Commodities reveals impressive year-end results in challenging market

(NewsDirect)

Century Global Commodities CEO Sandy Chim joined Proactive's Natalie Stoberman to share the company's financial year-end results ending on March 31, 2023. Chim says the company has made significant progress in its main business of iron ore development in Canada, particularly at its flagship Joyce Lake project.

Chim explains the project has undergone a comprehensive feasibility study, reflecting cost inflation and new operational designs. Additionally, Chim says the company has achieved key environmental milestones, including compliance with federal guidelines and a positive review by the Canadian agency.

On its Century Food business front, Chim adds that Century Global Commodities has experienced impressive growth in its food distribution unit in Hong Kong, with a 30 percent increase in top-line sales. According to Chim, this new business unit has provided valuable cash flow to support the company's resource development projects, allowing them to progress to the definitive feasibility study stage.

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